Gold suffered a massive $2.5 trillion market cap dip comparable to the entire Bitcoin market, showing that “safe-haven” assets are not immune to volatility. Gold, one of the oldest and most trusted stores of value, suffered a brutal sell-off in just 24 hours, wiping out trillions of dollars in market value, more than the entire value of Bitcoin. The gold market extended Tuesday’s massive correction, with $2.5 trillion being erased from its market cap on Wednesday, according to the financial analysis publication, The Kobeissi Letter. Putting gold on track for its largest two-day decline since 2013, the 8% drop has sparked panic among investors who had turned to the metal as a hedge against inflation and market volatility after its 60% surge earlier in 2022. Read more
Currency inflation and macroeconomic uncertainty are driving the price of gold, Bitcoin and similar assets to new levels. Gold hit a new all-time high of over $4,200 per ounce on Wednesday, driven by demand from retail consumers buying physical gold and central banks accumulating the precious metal as a hedge against currency inflation. Reports of end consumers seeking exposure to gold have surfaced as more people look for alternative stores of value amid global macroeconomic uncertainty. On Thursday, a queue of customers waiting to enter the ABC Bullion precious metals shop in Sydney, Australia, was reported by local outlet Nightly News. Several individuals in the queue, stretched to nearly 200 feet around lunchtime, cited macroeconomic uncertainty, the declining value of the US dollar and distrust of financial institutions as reasons to hold physical gold. Read more
Gold has hit its highest share of central bank reserves in decades, potentially shaping Bitcoin’s path as a future reserve asset, according to Deutsche Bank. Global central banks have been increasing their gold reserves over the past few years in a trend that may have major implications for Bitcoin, according to a recent report from Deutsche Bank. Gold’s share of central bank reserves reached 24% in the second quarter of the year, its highest share since the 1990s, Deutsche Bank strategists reported Thursday. With official demand for gold running at twice the pace of the 2011–2021 average, some Deutsche Bank analysts see growing parallels between gold and Bitcoin (BTC), which has seen a record-breaking performance in 2025. Read more